Ctfa practice exam 1 - Study guides, Class notes & Summaries
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CTFA Practice Exam 1 Questions & Answers
- Exam (elaborations) • 11 pages • 2024
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Q. Which of the following types of trusts can use the Uniform Principal and Income Act power to adjust ? 
A. GRAT 
B. Trust under will 
C. Revocable trust 
D. Charitable lead trust - ANSWERSSolution : The correct answer is B. 
 
Q. Which of the following is a power of attorney for property that is effective upon execution and does NOT terminate upon the principal's incapacity? 
A. General 
B. Springing 
C. Durable 
D. Limited - ANSWERSSolution: The correct answer is C 
 
Q. A client borro...
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Exam (elaborations) IMCA - The Investment Advisor Body of Knowledge + Test Bank_ Readings for the CIMA Certification (2015, Wiley)
- Exam (elaborations) • 1154 pages • 2021
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IMCA - The Investment Advisor Body of Knowledge + Test Bank_ Readings for the CIMA Certification (2015, Wiley) 
The Investment Advisor Body 
of Knowledge 
Readings for the CIMA® Certification 
IMCA® INVESTMENT MANAGEMENT 
CONSULTANTS ASSOCIATION 
Cover image: © iS / TarapongS 
Cover design: Wiley 
Copyright © 2015 by Investment Management Consultants Association. All rights reserved. 
Published by John Wiley & Sons, Inc., Hoboken, New Jersey. 
Published simultaneously in Canada. 
Excerpts ...
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